Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Personal Finance and Investing

TheFarseer

(9,522 posts)

13. It sounded to me

Reply to doc03 (Reply #3)

Thu May 9, 2024, 08:26 AM

May 2024

Like they were advocating eliminating preferential tax treatment for those retirement plans. I personally think that would be an Ok idea.

On edit - So really you would just have a brokerage account then and you would still be getting a special low tax rate on cap gains and dividends. Doesn’t sound so bad.

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

19 replies

= new reply since forum marked as read

Highlight:

Watch out some economists are floating the idea of confiscating [View all] doc03 May 2024 OP

Where do you see anything in the article about confiscation? Scrivener7 May 2024 #1

They use the word eliminated, sounds like the same thing doc03 May 2024 #3

Eliminate tax breaks is different than taking your money. 3Hotdogs May 2024 #7

It sounded to me TheFarseer May 2024 #13

If they eliminate the tax advantage it would be the same as eliminating doc03 May 2024 #14

But that is still not the same as "confiscating." 3Hotdogs May 2024 #18

Not the same thing at all. They're not going to confiscate your accounts. Scrivener7 May 2024 #16

This has been touted as an option for some time. I doubt that it'll happen, but what I do think will happen is that SWBTATTReg May 2024 #2

Nothing is getting confiscated. Ocelot II May 2024 #4

Second paragraph. They propose (abolishing) tax sheltered plans like 401K doc03 May 2024 #6

Abolishing isn't confiscating. Ocelot II May 2024 #9

It doesn't say abolishing the (tax benefit) it says abolishing (tax sheltered plans) like doc03 May 2024 #11

You're really fighting hard to see a disaster that simply isn't there. Scrivener7 May 2024 #17

Hollow out people and give tax break to corporations bucolic_frolic May 2024 #5

There were many of my fellow workers that would not put money in a 401k doc03 May 2024 #8

SS is actually paid into by those that collect it later... Think. Again. May 2024 #10

I have been on SS for 14 years, I skimped and doc03 May 2024 #12

Could your headline be more misleading and alarmist? 58Sunliner May 2024 #15

As many have pointed out... no confiscation. Furthermore... Happy Hoosier May 2024 #19